Confirmation and Disclosure Statement Clause Samples
Confirmation and Disclosure Statement. The Auction Agent, through its clearing broker, will provide a confirmation of the transaction to each Winning Bidder at the close of the Auction applicable to that Winning Bidder. The confirmation will specify the amount deposited and the other terms of the Securities as described in the Auction Document, through its clearing broker. Prior to the commencement of the Auction, the Auction Agent and the Issuer will mutually agree upon an appropriate Auction Document to be used in the offering.
Confirmation and Disclosure Statement. The Auction Agent, through its clearing broker, will provide a confirmation of the transaction to each Winning Bidder at the close of the Auction applicable to that Winning Bidder. The confirmation will specify (i) the amount deposited, (ii) the yield to maturity calculated in accordance with the applicable Auction Document, (iii) the maturity date and (iv) the other terms of the Securities as described in the Auction Documents, through its clearing broker. Prior to the commencement of an Auction, the Auction Agent and the Issuer will mutually agree upon appropriate Auction Documents to be used in such offering.